Pricer Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Pricer (STO:PRIC B) Third Quarter 2024 Results

Key Financial Results

• Revenue: kr613.8m (down 1.3% from 3Q 2023).
• Net income: kr41.9m (up from kr8.90m loss in 3Q 2023).
• Profit margin: 6.8% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses.
• EPS: kr0.26 (up from kr0.054 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Pricer EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) exceeded analyst estimates by 160%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Electronic industry in Sweden.

Performance of the Swedish Electronic industry.

The company's shares are up 17% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Pricer's balance sheet.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.